hazards risk mgmt - session 14 - analyze risk
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hazards risk mgmt - session 14 - analyze risk
Session No. 14Course Title: Hazards Risk ManagementSession Title: Analyze RiskTime: 3 hoursObjectives:14.1Provide an overview of risk analysis and exp hazards risk mgmt - session 14 - analyze riskplain what is required to perform it14.2Describe the likelihood component of risk, and methods for analyzing likelihood14.3Describe the consequence component of risk, and methods for analyzing consequence14.4Discuss how risk analysis occurs in practice14.5Discuss the role of modeling in risk analysi hazards risk mgmt - session 14 - analyze risks and provide examples of available modelsScope:This three-hour session explores the risk analysis process, and considers different methods by which rhazards risk mgmt - session 14 - analyze risk
isk may be analyzed. The instructor will introduce participants to both qualitative and quantitative risk analysis methods, and will explain what is iSession No. 14Course Title: Hazards Risk ManagementSession Title: Analyze RiskTime: 3 hoursObjectives:14.1Provide an overview of risk analysis and exp hazards risk mgmt - session 14 - analyze risknefits of using models and subject matter expert analysis, and will use examples of models to illustrate how such tools are useful in the pursuit of hazards risk management. Participant interactions will be included in this session.Readings:Participant Reading:n'aInstructor Reading:n'a14-1General Re hazards risk mgmt - session 14 - analyze riskquirements:Power point slides are provided for the instructor’s use, if so desired.It is recommended that the modified experiential learning cycle behazards risk mgmt - session 14 - analyze risk
completed for objectives 14.1 to 14.5 at the end of the session.General Supplemental Considerations: n/aObjective 14.1: Provide an overview of risk anSession No. 14Course Title: Hazards Risk ManagementSession Title: Analyze RiskTime: 3 hoursObjectives:14.1Provide an overview of risk analysis and exp hazards risk mgmt - session 14 - analyze riskparticipant interactions that expand upon the class lessons.Remarks:I.Risk analysis is the process through which a risk manager or risk management team determines a risk value, or a measure of risk, for one or more hazards.A.In Session 2, participants learned that the definition of risk, when put in hazards risk mgmt - session 14 - analyze risk the most basic terms, is the product of likelihood and consequence.B.Simply stated, the value of risk is equal to the measure of its likelihood of ochazards risk mgmt - session 14 - analyze risk
currence and the consequences that will result should it occur, represented by the formula RISK=LIKELIHOOD X CONSEQUENCE (See slide 14-3).11. Hazards Session No. 14Course Title: Hazards Risk ManagementSession Title: Analyze RiskTime: 3 hoursObjectives:14.1Provide an overview of risk analysis and exp hazards risk mgmt - session 14 - analyze riskdividually when performing this function.A. In considering the risk formula just discussed (likelihood times consequence), participants should be able to deduce that if a Hazards Risk Management team analyzed the likelihoods and the consequences of each of a community’s hazards according to a standa hazards risk mgmt - session 14 - analyze riskrdized method of measurement, each of the individual hazard risks faced by the community - as measured through this process - coidd be compared to eachazards risk mgmt - session 14 - analyze risk
h other. Likewise, they could be ranked14-2according to their relative severity.B. At the same time, if hazard risks were analyzed and described usingSession No. 14Course Title: Hazards Risk ManagementSession Title: Analyze RiskTime: 3 hoursObjectives:14.1Provide an overview of risk analysis and exp hazards risk mgmt - session 14 - analyze riskrated, or ranked, according to their relative severity, is a major component ol risk assessment. This is discussed in greater detail in Session 15. However, it is helpful lor the instruc tor to encourage participants to consider why risks ar c measured according to the standaid methods of analysis d hazards risk mgmt - session 14 - analyze riskescribed in this session in light of these future topics.Session No. 14Course Title: Hazards Risk ManagementSession Title: Analyze RiskTime: 3 hoursObjectives:14.1Provide an overview of risk analysis and expSession No. 14Course Title: Hazards Risk ManagementSession Title: Analyze RiskTime: 3 hoursObjectives:14.1Provide an overview of risk analysis and expGọi ngay
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